NTN Buzztime Inc (NYSEMKT:NTN) Stock Rating Lowered by Zacks Investment Research
NTN Buzztime Inc (NYSEMKT:NTN) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research report issued on Tuesday.
According to Zacks, “NTN Buzztime, Inc.is a leading developer, publisher and distributor of interactive entertainment for massive audiences on numerous consumer platforms. Millions of people are exposed to the Buzztime Network every month in restaurants, sports bars and pubs throughout the U.S., Canada and the UK. Originating from the Buzztime iTV Studio in Carlsbad, CA for over 20 years, the Network includes trivia game shows, card games, live sports games, polling and other games that enable a virtually unlimited number of people to play live competitions against one another for fun, prizes and fame. Buzztime’s programming is also available on cable TV, satellite TV, mobile phones, electronic home games, portable travel games and as a trivia book series. The Company also owns and operates NTN Hospitality Technologies which develops, sells and services software and technology that increase productivity and sales in casual dining restaurants. “
NTN has been the topic of several other research reports. Roth Capital set a $9.00 target price on NTN Buzztime and gave the company a “hold” rating in a research note on Tuesday, August 1st. ValuEngine raised NTN Buzztime from a “sell” rating to a “hold” rating in a research note on Friday, August 4th.
NTN Buzztime (NYSEMKT:NTN) opened at 7.60 on Tuesday. The stock’s 50 day moving average price is $6.39 and its 200 day moving average price is $7.14. NTN Buzztime has a one year low of $5.22 and a one year high of $12.00. The stock’s market cap is $19.10 million.
NTN Buzztime (NYSEMKT:NTN) last issued its earnings results on Wednesday, August 2nd. The company reported ($0.07) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.35) by $0.28. The company had revenue of $5.55 million for the quarter, compared to the consensus estimate of $5.74 million. NTN Buzztime had a negative return on equity of 7.30% and a negative net margin of 1.72%. Equities analysts predict that NTN Buzztime will post ($0.46) earnings per share for the current fiscal year.
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A number of institutional investors have recently added to or reduced their stakes in NTN. Renaissance Technologies LLC boosted its position in NTN Buzztime by 20.6% in the fourth quarter. Renaissance Technologies LLC now owns 25,129 shares of the company’s stock valued at $214,000 after buying an additional 4,300 shares in the last quarter. Eagle Asset Management Inc. purchased a new position in NTN Buzztime during the first quarter valued at $775,000. Finally, North Star Investment Management Corp. boosted its position in NTN Buzztime by 23.8% in the second quarter. North Star Investment Management Corp. now owns 247,697 shares of the company’s stock valued at $1,684,000 after buying an additional 47,697 shares in the last quarter.
About NTN Buzztime
NTN Buzztime, Inc, formerly Alroy Industries, delivers entertainment and dining technology to bars and restaurants in North America. The Company provides an entertainment and marketing services platform for hospitality venues that offers games, events, and entertainment experiences to their customers.
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